Brokerages Set Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) PT at $16.20

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.20.

Several equities research analysts have recently weighed in on PBR shares. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lowered their price objective for the company from $20.30 to $19.00 in a research note on Friday, March 13th. Weiss Ratings restated a “hold (c)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday. UBS Group boosted their price target on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group upped their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st.

Petroleo Brasileiro S.A.- Petrobras Price Performance

NYSE:PBR opened at $21.96 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.48 and a current ratio of 0.71. The company has a 50-day moving average of $18.00 and a 200-day moving average of $14.41. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $22.05. The company has a market capitalization of $141.52 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 0.19 and a beta of 0.37.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 earnings per share for the quarter. The business had revenue of $23.61 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 22.01% and a return on equity of 24.26%. As a group, equities research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, May 28th. Investors of record on Friday, April 24th will be given a dividend of $0.1191 per share. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 11.51%.

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBR. Insigneo Advisory Services LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.4% in the third quarter. Insigneo Advisory Services LLC now owns 210,974 shares of the oil and gas exploration company’s stock valued at $2,671,000 after acquiring an additional 780 shares during the last quarter. Truist Financial Corp grew its position in Petroleo Brasileiro S.A.- Petrobras by 2.6% during the 4th quarter. Truist Financial Corp now owns 32,726 shares of the oil and gas exploration company’s stock worth $388,000 after acquiring an additional 829 shares during the last quarter. Drum Hill Capital LLC grew its position in Petroleo Brasileiro S.A.- Petrobras by 0.7% during the 3rd quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock worth $1,683,000 after acquiring an additional 866 shares during the last quarter. World Investment Advisors increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 6.7% during the 3rd quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock valued at $194,000 after purchasing an additional 961 shares in the last quarter. Finally, Avestar Capital LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 3.1% during the 2nd quarter. Avestar Capital LLC now owns 33,045 shares of the oil and gas exploration company’s stock valued at $413,000 after purchasing an additional 1,003 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.